Jakarta, Pintu News – Matador Technologies Inc (TSXV: MATA) recently announced its ambitious plan to acquire up to 6,000 Bitcoins (BTC) by 2027. Currently, the company has 77.4 BTC and aims to become one of the largest corporate holders of Bitcoin in the world.
Check out the full news in this article!
Matador Technologies has set a long-term Bitcoin acquisition strategy that has been approved by its board of directors. The company’s target is to reach 1,000 BTC by 2026 and 6,000 BTC by 2027. This strategy focuses not only on cash holdings but also infrastructure and operational integration within the broader Bitcoin ecosystem.
CEO of Matador Technologies, Deven Soni, stated that this strategy will depend on market conditions, availability of financing, and regulatory approvals. The company has planned carefully to ensure that this strategy is executed in accordance with prudence and financial discipline.
Also read: Semler Scientific surpasses GameStop in bitcoin holdings, reaching 4,846 BTC!
To fund this acquisition program, Matador has registered a CAD 900 million base prospectus. This allows the company to issue capital in various instruments such as equity, debt, or hybrid units over the course of the 25-month program.
With an estimated average purchase price of CAD 151,659 per BTC, this capital would allow the company to purchase approximately 5,934 BTC.
The prospectus is still under review and awaiting regulatory approval. Once approved, Matador will have the flexibility to raise funds subject to favorable market conditions.
Funding sources will come from various means such as equity issuance in the market, Bitcoin-based credit facilities, structured or convertible financing, strategic cooperation, and sale of non-core business assets.
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Mark Moss, Chief Visionary Officer of Matador Technologies, emphasizes that having Bitcoin as a cash asset provides long-term stability to the balance sheet and protects against inflation risks. This accumulation strategy is designed to maximize Bitcoin per Share (BPS) and leverage the volatility of the Bitcoin price to create a genuine financial product out of Bitcoin.
In addition, Matador also plans to expand its ecosystem starting with an investment in the India-based HODL system. This shows Matador’s commitment to not only being a Bitcoin holder but also an active player in the growth of the Bitcoin ecosystem globally.
Matador Technologies’ ambitious plan to acquire 6,000 Bitcoins (BTC) not only positions it as one of the leaders of corporate Bitcoin adoption but also demonstrates the company’s confidence in the future of decentralized monetary systems. With a strong strategy and planned financing, Matador is expected to achieve its target and contribute to long-term financial stability.
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